This is a good article if you lean Libertarian or Conservative or moderate because it speaks to tax loopholes as well as govt. spending. Those loopholes today are a real problem if they closed them BAILED OUT Warren Buffet would actually pay some real taxes which he wouldn't with the Buffet rule since he would still be able to hide his money in Gate's tax exempt foundation and the other money he put in foundations for his kids to run paying them each 90 million a year.

D) He lies about his kids. He often says his kids will get basically nothing from him. He says, nobody should win the “genetic lottery”. In fact, there’s a notorious story where one of his daughters had to buy a necklace from Zales Jewelry (which Buffett owns) on a layaway plan.

Meanwhile, Buffett has given each of his kids a charitable foundation with billions each to manage. If a foundation has $3bb in it, then something like $90mm can go to salaries. I think his kids will do fine with that kind of money. Buffett barely spent time with his kids when they were growing up (this is well-documented in every biography about him), he lies about how he gives them almost nothing, but meanwhile, they can make $90mm a year salary. I don’t care about any of this. Just stop lying to us all about parental values and lecturing people on how much they should leave their kids. It’s all BS and once again, take your hands out of my wallet.

In other words, the President’s "Buffett Rule" would not tax the vast majority of Buffett’s own sheltered income, including either his unrealized capital gains, which are currently taxed at 0%, or charitable contributions, which are tax deductible.

This will tick you off at least it does me after bailing these pigs out obama's favorite banker has the nerve not that I don't think we shouldn't cut spending we definitely should but just the nerve these banks make money from us on food stamps all kinds of things besides the bail outs.

Dimon: Day of Reckoning Coming for Bond Market

During an interview at the Council on Foreign Relations, JPMorganChase chairman Jamie Dimon warned on the coming crisis in the U.S. bond market:

It's only a matter of time. Could be 2 years, could be 5 years. But our day of reckoning on the debt is coming. That much is assured.